U.S. to Give Auto Suppliers $5 Bln. in Aid
The Treasury Department will provide as much as $5 billion in financing to struggling automotive industry suppliers to help them stay in business.
March 20, 2009Oil Tops $50 a Barrel
Oil closed at a three-month high Thursday, rising more than $3 to more than $51 a barrel, marking gains this month of more than $11, Bloomberg reported.
March 20, 2009Opinion: Fuel Prices — These Are the Good Old Days
As I write this in early March, the U.S. Department of Energy reports that the price of diesel fuel in the United States is $2.045 per gallon. After hitting a record high of $4.764 on July 14, the price of diesel has fallen by $2.719.
March 20, 2009FedEx’s Profit Drops; Plans More Cost Cuts
FedEx Corp. said Thursday its fiscal third-quarter profit fell sharply from a year ago and that it plans to take cost-cutting measures including more job and pay reductions.
March 19, 2009Leading Indicators Drop 0.4% in February
An index of leading economic indicators fell 0.4% in February, the third drop in five months, the New York-based Conference Board said Thursday.
March 19, 2009Livingston International Posts 2008 Loss
Canadian customs broker and logistics firm Livingston International Income Fund posted a 2008 net loss of C$88.9 million on revenue of C$322.9 million.
March 19, 2009Continuing Jobless Rolls Reach Record
Initial jobless claims fell last week by 12,000 last week but the number of Americans collecting jobless benefits rose to a record 5.47 million, the Labor Department said Thursday.
March 19, 2009Oil Rises Over $49 a Barrel
Crude oil closed at more than $49 for a second straight day Wednesday and has risen $9 from the beginning of March, Bloomberg reported.
March 18, 2009Fed Holds Interest Rate at Record Low
The Federal Reserve voted unanimously Wednesday to keep a key U.S. interest rate at a record low “target range” of zero to 0.25%.
March 18, 2009NAFTA Surface Trade Rose 4.1% in 2008
Surface transportation trade among the United States, Canada and Mexico rose 4.1% to $830 billion in 2008 from 2007, the Department of Transportation said Wednesday.
March 18, 2009